Aathma Bandhuvu is the story of Rao Bahadur Chandrasekharam's (SVR) family and an adopted orphan Ranga (NTR) who considers the family as his everything. Chandrasekharam loses all his wealth after a crash in share prices and his sons show their true colours by not standing by him. Ranga is banished from the house but proves his worth when compared to blood relations.